v3.25.2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
ASSETS    
Land and land improvements $ 142,811 $ 139,491
Buildings and improvements 909,519 905,504
Furniture, fixtures and equipment 35,743 35,721
Construction in progress 19,105 14,699
Real estate investments 1,107,178 1,095,415
Less accumulated depreciation (249,861) (237,416)
Real estate investments, net 857,317 857,999
Cash and cash equivalents 5,687 4,798
Restricted deposits 10,601 10,127
Investment in unconsolidated affiliates 27,991 28,407
Lease intangible assets, less accumulated amortization 2,023 2,541
Other assets, net 23,662 24,416
Total Assets 939,954 937,772
LIABILITIES    
Lines of credit 24,166 4,992
Dividends payable 9,426 9,039
Tenant security deposits payable 8,797 8,291
Lease intangible liabilities, less accumulated amortization 250 324
Accrued expenses and other liabilities 22,835 21,470
Total Liabilities 621,678 608,834
COMMITMENTS and CONTINGENCIES - Note 17
SHAREHOLDERS' EQUITY    
Beneficial interest 153,256 153,834
Operating partnership 147,763 154,353
Partially owned properties 10,034 9,290
Accumulated other comprehensive income 7,223 11,461
Total Shareholders' Equity 318,276 328,938
Total liabilities and shareholders' equity 939,954 937,772
Non affiliates    
ASSETS    
Notes receivable 4,805 1,539
LIABILITIES    
Mortgage notes payable, net 499,363 506,735
Affiliates    
ASSETS    
Notes receivable 7,868 7,945
LIABILITIES    
Mortgage notes payable, net $ 56,841 $ 57,983